India’s industrial growth accelerates to 5.2 pc in Feb 
India

India’s industrial growth accelerates to 5.2 pc in Feb

IANS Agency

New Delhi, March 30 (IANS) India’s industrial growth, based on the Index of Industrial Production (IIP), accelerated to 5.2 per cent in February this year, up from 4.8 per cent in January, propelled by a strong growth in the manufacturing sector, according to data released by the Ministry of Statistics on Monday.

The manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), posted a robust 6 per cent growth during February compared to the same month of the previous year. The high manufacturing growth augurs well as the sector plays a key role in providing quality jobs to the young graduates passing out from the country’s engineering institutes and universities.

Within the manufacturing sector, 14 out of 23 industry groups have recorded a positive growth in February 2026 over February 2025.

The top three positive contributors are manufacture of basic metals which include steel products, motor vehicles, and machinery and equipment which include tractors. These three segments recorded a double digit growth.

The mining sector posted a 3.1 per cent growth in February while electricity generation went up by 2.3 per cent during the month.

The figures on use-based classification show that the production of capital goods, which comprise machines used in factories, jumped by 12.5 per cent in February this year. This segment reflects the real investment taking place in the economy which has a multiplier effect on the creation of jobs and incomes going ahead.

There was also a 7.3 per cent increase in the production of consumer durables such as electronic goods, refrigerators, and TVs during February reflecting the higher consumer demand for these items amid rising incomes.

The infrastructure and constructions goods sector also recorded a strong double digit growth of 11.5 per cent during the month driven by the Government’s big ticket investments in highways, ports and railway projects which create large-scale employment and drive up the overall economic growth rate.

--IANS

sps/na

(This report is auto-published from IANS wire service. NewsGram holds no responsibility for its content)

Subscribe to our channels on YouTube and WhatsApp

Download our app on Play Store

ISRO Technologies Sold to Private Firms at Steep Discount: Parliamentary Panel

Indian stock markets tumble over 1 pc as West Asia tensions escalate

Rupee opens 1 pc higher against US dollar on RBI measures

Over 80 pc of S. Korean teens, adults concerned over AI-based online abuse

Crude oil prices jump over 3 pc, nears 52-week high